Cryptocurrency Market Overview

The cryptocurrency market is currently experiencing significant fear, particularly affecting altcoins such as Ripple (XRP). As a result, XRP’s price has seen a dramatic decrease of over 20% just this week.

In response to this downturn, crypto whales are closing their positions and have already sold more than 90 million XRP. Their hesitation to purchase the dip raises concerns about whether Ripple’s price could decline further to $1.50 in the near future.